Another contrary move expected in AUDUSD; bullish Purge & Revert
Updated
Greetings fellow traders!
Bullish Purge and Revert in progress in AUDUSD. The purging Daily candle's high is broken and we have the confirmation. Long till 0.66400.
Here is the daily chart for reference:
There is something very important to be kept in mind. We have lots of important news drivers coming in, especially NFP and the US Presidential elections. Market behaviour cannot be expected to be perfect during such volatile times. Play it safe or don't play at all. Wait for things to quiet down.
This week and the next, stay safer.
Disclaimer- All content is for educational purposes only and not trading advice.
Bullish Purge and Revert in progress in AUDUSD. The purging Daily candle's high is broken and we have the confirmation. Long till 0.66400.
Here is the daily chart for reference:
There is something very important to be kept in mind. We have lots of important news drivers coming in, especially NFP and the US Presidential elections. Market behaviour cannot be expected to be perfect during such volatile times. Play it safe or don't play at all. Wait for things to quiet down.
This week and the next, stay safer.
Disclaimer- All content is for educational purposes only and not trading advice.
Trade closed: target reached
As expected... This stuff's pretty simple.
1hr
15m
There were a plethora of opportunities in this liquidity run. AUDUSD tapped into the w-fvg and is continuing it's breakdown lower as expected.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.